FDx Advisors Inc. Has $1.61 Million Position in Time Warner Inc. (TWX)
FDx Advisors Inc. cut its stake in Time Warner Inc. (NYSE:TWX) by 54.1% in the third quarter, according to the company in its most recent Form 13F filing with the Securities & Exchange Commission. The fund owned 15,669 shares of the media conglomerate’s stock after selling 18,490 shares during the quarter. FDx Advisors Inc.’s holdings in Time Warner were worth $1,605,000 as of its most recent SEC filing.
A number of other institutional investors and hedge funds also recently modified their holdings of TWX. BlackRock Inc. lifted its position in Time Warner by 2,169.2% in the first quarter. BlackRock Inc. now owns 42,827,346 shares of the media conglomerate’s stock worth $4,184,660,000 after buying an additional 40,940,053 shares during the last quarter. Canyon Capital Advisors LLC lifted its position in Time Warner by 397.0% in the first quarter. Canyon Capital Advisors LLC now owns 5,695,848 shares of the media conglomerate’s stock worth $556,541,000 after buying an additional 4,549,848 shares during the last quarter. OZ Management LP lifted its position in Time Warner by 98.2% in the first quarter. OZ Management LP now owns 6,243,467 shares of the media conglomerate’s stock worth $610,049,000 after buying an additional 3,093,353 shares during the last quarter. Renaissance Technologies LLC lifted its position in Time Warner by 4,979.0% in the first quarter. Renaissance Technologies LLC now owns 2,678,334 shares of the media conglomerate’s stock worth $261,700,000 after buying an additional 2,625,600 shares during the last quarter. Finally, Janus Henderson Group PLC lifted its position in Time Warner by 2,022.3% in the second quarter. Janus Henderson Group PLC now owns 2,171,828 shares of the media conglomerate’s stock worth $218,073,000 after buying an additional 2,069,495 shares during the last quarter. Institutional investors own 78.46% of the company’s stock.
TWX has been the subject of several research analyst reports. Cowen and Company reiterated a “hold” rating and set a $107.50 target price on shares of Time Warner in a research report on Thursday, October 12th. Credit Suisse Group downgraded Time Warner from an “outperform” rating to a “neutral” rating and set a $107.50 target price for the company. in a research report on Monday, September 18th. Jefferies Group LLC downgraded Time Warner from a “buy” rating to a “hold” rating and set a $105.00 target price for the company. in a research report on Thursday, August 3rd. B. Riley reiterated a “neutral” rating and set a $101.00 target price (down from $105.00) on shares of Time Warner in a research report on Friday, November 3rd. Finally, Deutsche Bank AG reiterated a “buy” rating and set a $99.00 target price on shares of Time Warner in a research report on Friday. Twenty-two equities research analysts have rated the stock with a hold rating and seven have given a buy rating to the company. The company has an average rating of “Hold” and an average target price of $103.93.
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Shares of Time Warner Inc. (TWX) opened at $88.49 on Tuesday. Time Warner Inc. has a 52 week low of $86.38 and a 52 week high of $103.90. The firm has a market capitalization of $68,900.00, a PE ratio of 14.95, a PEG ratio of 1.43 and a beta of 0.98. The company has a current ratio of 1.48, a quick ratio of 1.26 and a debt-to-equity ratio of 0.80.
Time Warner (NYSE:TWX) last issued its quarterly earnings results on Thursday, October 26th. The media conglomerate reported $1.82 earnings per share for the quarter, topping the Zacks’ consensus estimate of $1.59 by $0.23. Time Warner had a return on equity of 18.57% and a net margin of 13.59%. The business had revenue of $7.60 billion for the quarter, compared to analyst estimates of $7.40 billion. During the same quarter in the previous year, the firm earned $1.83 earnings per share. The company’s revenue was up 6.0% on a year-over-year basis. research analysts forecast that Time Warner Inc. will post 6.2 EPS for the current fiscal year.
The firm also recently declared a quarterly dividend, which was paid on Wednesday, November 1st. Stockholders of record on Tuesday, October 10th were paid a dividend of $0.4025 per share. The ex-dividend date was Friday, October 6th. This represents a $1.61 dividend on an annualized basis and a dividend yield of 1.82%. Time Warner’s payout ratio is 30.61%.
Time Warner Profile
Time Warner Inc is a media and entertainment company. The Company operates through three segments: Turner, which consists of cable networks and digital media properties; Home Box Office, which consists of premium pay television and over the top (OTT) services and premium pay, basic tier television and OTT services internationally, and Warner Bros., which consists of television, feature film, home video, and videogame production and distribution.
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